ACQUIRE

underperforming assets sourced through our local network of brokers and property managers after rigorous underwriting, due diligence and negotiation.

ADD VALUE

by executing interior and exterior renovations, upgrading amenities, improving property management to increase rents and manage expenses.

REFINANCE PROPERTY

to return equity to our partners and hold long-term to benefit from continued rent growth, increased asset value, and tax benefits.

Value-Add Renovation Plan

Improve unit interiors to compete on quality with newer apartments

  • Upgrade kitchen appliances & bathroom fixtures

  • Quality modern finishes

  • Sleek living areas

Create differentiated product

  • Utilize an improved design aesthetic that blends clean, classic elegance with modern elements

  • Alternative to older buildings that have cookie-cutter renovations with tired grey color schemes

Improve building exterior and common areas

  • Amenitize property with grilling areas, storage rooms, ski and bike storage, and pet washing

  • Upgrade landscaping and parking

  • Structural improvements such as roofing systems, exterior walkways, plumbing and electrical as needed

Case Study: 815 East Ellsworth Avenue

Our most recent purchase demonstrates how Ninth Square
executes its value-add strategy. 

815 Ellsworth is a 15-unit multifamily property located in Central Denver’s coveted Washington Park neighborhood, which is surrounded by several desirable submarkets including Cherry Creek and Capital Hill. It offers tenants a mix of spacious 1- and 2-bedroom apartments, strong fundamental features, including spacious units and reserved parking, and is located on a quiet block a short walk from restaurants and retail on South Broadway with easy access to downtown and the highways leading to the mountains.

The building provided Ninth Square the potential
to immediately add value and increase rents, through unit renovations, property improvements, and a stronger focus on management and leasing to meet the expectations of a young, professional tenant base.

  • 15 Units

    1960s concrete construction

    15 Parking spaces

  • Desirable central Denver neighborhood

    Popular with young professionals

    Vibrant restaurant, bar and shopping scene

    ​​Heavy investment in new retail and residential properties

  • Off-market deal at a discount due to economic downturn

    Own in a locale surging in popularity with long-term upside

    Improve management, renovate units and add value to increase rents

KITCHENS

BEFORE

AFTER

  • Stylish counter island with bar seating provides tenants a beautiful space to enjoy meals and
    entertain guests

  • Custom cabinets optimize storage and make everyday living more organized

  • New stainless steel kitchen appliances ensure a seamless and efficient cooking experience

  • Quartz countertops and subway tile backsplash add a touch of sophistication to units

LIVING ROOMS

BEFORE

AFTER

  • High-quality vinyl plank flooring provides durability and a contemporary look to complement any decor

  • Removed closet and relocated kitchen appliances to create flowing open plan

  • New lighting fixtures

BATHROOMS

BEFORE

AFTER

  • New in-unit, full-size stackable washer and dryer units offer convenience and meet modern
    living demands

  • New bathroom fixtures and modern finishes elevate the overall experience for our residents

BEDROOMS

BEFORE

AFTER

  • New lighting fixtures

  • Upgraded closet doors

  • High-quality vinyl plank flooring

Building Exteriors and Common Areas

  • Expanded and amenitized patio and grilling area for residents to unwind, connect, and foster a strong sense of community

  • Resurfaced parking lot provides a smoother and safer experience for residents and their vehicles

  • Refurbished metal railings, stairs, and concrete walkways ensure the utmost safety and aesthetics throughout the property